A top performer among its peers, the past five years have been wonderful for SBI Bluechip with its 5-year SIP returns at 21 per cent. It follows a high equity allocation that swings between 82 and 97 per cent; the move towards debt and cash is at times when the markets turn volatile. But the fund also has a past, when it was unable to hold on to itself in the 2008 bear market. What has changed since is its ability to control risk better, which has resulted in a dependable performance over the years.
The large-cap fund follows a growth approach and focuses on companies that use efficient capital allocation. The investment strategy adopted makes sure that there is no exposure to smallcap stocks, which means the investment universe for this fund is the top 300 companies by market capitalisation. The fresh disciplined management is reflected in the fund’s performance, which should work towards those seeking growth from it.
Other funds based on stable returns :
